LONDON: The euro fell against the dollar and the yen in Asia trade Monday, as jittery investors await the outcome of the Eurogroup finance ministers meeting on Greece in Brussels later today.
The common currency EURUSD, -0.4195% fell as low as $1.1133, its weakest since May 5, before slightly bouncing back to $1.1147. That compares with $1.1207 late Friday in New York. Against the yen EURJPY, -0.31% , the euro was at ¥133.65 after briefly touching ¥133.49 from ¥134.30 in New York.
The euro was drifting lower against the greenback with options-related stop-loss selling orders giving the pair an extra downward push with many investors skeptical about any agreement emerging from the Eurogroup finance ministers meeting.
That is pushing the euro down on “selling led by speculation,” said Yuzo Sakai, manager of FX business promotion at Tokyo Forex & Ueda Harlow.
